AUSTIN, Texas, April 17, 2024 (Globe Newswire) — Mercator AI, an AI-powered business development tool for commercial general contractors, today announced its expansion into the fast-growing Austin market. This marks the Canadian company's entry into the United States, with further expansion in Texas this year and plans to expand across the country in the coming years.
Austin's dynamic and rapidly evolving construction landscape, combined with a young and technologically advanced workforce, creates a unique environment for Mercator AI solutions. The influx of new construction companies and a younger generation of leaders into the city presents an opportunity for Mercator AI to support this change with AI tools that provide actionable data intelligence and real-time updates on early projects and relationships. This saves weeks of groundwork and allows GCs to stay ahead of competitors who are lagging behind with outdated information that is too slow.
“Austin's construction industry is thriving. Amazing growth of $31 billion Texas' GDP contribution from 2020 to 2024 (U.S. Department of Economic Analysis) shows that our starting point in the United States is a clear yes.,” Said Chloe Smith, co-founder and CEO of Mercator AI. “We force medium to large general contractors to increase lead generation, build the right relationships much earlier in the development process, and significantly reduce time spent on useless tasks. We're excited to provide the AI tools you need to help you.materialize”
The product analyzes real-time data throughout the development process, from concept to post-construction, making it easy to identify early signs of project movement. As a result, Mercator AI customers can connect with the right people at the right time to foster meaningful relationships and profitable solutions.
Chloe added, “Mercator's products allow construction companies to eliminate wasted time and resources on unqualified leads. Research that previously took months now takes 15 minutes with Mercator, giving customers more time to do what they do best: build relationships, solve problems, and close deals. Now it looks like this. ”
Mercator's AI streamlines front office operations by saving an average of two hours each day, both in determining what to investigate and in the investigation itself.
Following the Austin launch, under the leadership of Under 30 Entrepreneur Chloe, the company established a presence in key markets such as Houston, Dallas-Fort Worth, San Antonio, and expanded to all major U.S. The plan is to cover a number of construction sites. Over the next few years.
About Mercator AI:
Mercator AI is a construction technology company that provides powerful AI-powered business development tools designed specifically for midsize to large general contractors. The platform leverages billions of construction interactions to accelerate early project discovery by optimizing early-stage project progress, targeting, meeting readiness, and deriving qualifications. By mining and analyzing millions of data points across commercial and industrial projects, Mercator pinpoints early construction signals, uncovers key participants and their historical relationships, and provides rich company profiles. aggregate.
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